729 Lime Avenue

    Long Beach, CA 90813
    • $2,300,000
    • STATUS: Active
    • ON SITE: 5 days
    • ID#: OC18168318
    New On Site 5 Days Ago
    UPDATED: 55 min ago
    $2,300,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,696
      SQFT
    • $343
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    729 Lime Avenue is a 13-unit multifamily investment property located in Long Beach, one of the premiere housing markets in Southern California.Specifically, the property is located just a short walk to Downtown Long Beach and minutes to Alamitos Beach. The 6,696 square foot property consists of studio, one-, two-, and three-bedroom floor plans. Built in 1923, the property offers amenities including single-story construction with gated entry and on-site laundry. With in-place rents approximately 28 percent below market rates, 729 Lime Avenue represents an attractive value-add opportunity.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-18T07:34:01.32. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/85565310

    729 Lime Avenue Long Beach, CA 90813

    • Price: $2,300,000
    • Status: Active
    • Updated: 55 min ago
    • ID#: OC18168318
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    6,696
    SQFT
    $343
    $/SQFT
    1923
    Built
    Neighborhood:
    Other (Othr)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    729 Lime Avenue is a 13-unit multifamily investment property located in Long Beach, one of the premiere housing markets in Southern California.Specifically, the property is located just a short walk to Downtown Long Beach and minutes to Alamitos Beach. The 6,696 square foot property consists of studio, one-, two-, and three-bedroom floor plans. Built in 1923, the property offers amenities including single-story construction with gated entry and on-site laundry. With in-place rents approximately 28 percent below market rates, 729 Lime Avenue represents an attractive value-add opportunity.
    Exterior Features

    Garage Spaces 0.00 Lot Features Landscaped Lot Size Source Assessor Lot Size Units Acres Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Community Levels One

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features SidewalksStreet Lighting Country Us Electric Expense 3750.00 Elevation Units Feet Fuel Expense 3750.00 Gross Income 159060.00 Gross Operating Income 154324.00 Gross Scheduled Income 159060.00 Insurance Expense 2718.00 Land Lease YN No Laundry YN Yes Maintenance Expense 7800.00 Net Operating Income 86598.00 New Taxes Expense 29842.00 Number Of Separate Electric Meters 13 Number Of Separate Gas Meters 13 Number Of Separate Water Meters 0 Number Of Units Leased 13 Operating Expense 67726.00 Other Expense 4650.00 Other Expense Description Other Professional Management Expense 7716.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other Reed & Beesons Sub Of Block 37 Total Actual Rent 13155.00 Total Expenses 67726.00 Trash Expense 3750.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 3750.00 Water Source Public Year Built Source Assessor Zoning Lbr4r

    Listing provided courtesy of Tyler Leeson of Marcus & Millichap Re Invest.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-18T07:34:01.32. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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